74Orders in relation to futures contracts

74 Orders in relation to futures contracts

(1) If paragraph 71(c) applies, the Commission may make one or more of the following: (a) an order restraining a specified person from disposing of specified futures contracts; (b) an order restraining a specified person from acquiring specified futures contracts; (c) an order restraining a specified person from exercising rights under specified futures contracts; (d) an order requiring a specified person to dispose of specified futures contracts, or to dispose of specified futures contracts in a specified manner. (2) An order under subsection (1) does not prejudice or affect a right of a futures exchange, or of a clearing house for a futures exchange: (a) to cause a futures contract to be closed out, or to close out a futures contract, because of a failure to meet a call for a deposit or margin; (b) to enter into a liquidating trade in order so to cause a futures contract to be closed out, or in order so to close out a futures contract; (c) to cause to be registered in a person’s name, or to register in a person’s name, a futures contract that was previously registered in another person’s name. (3) In this section:

right includes a right enforceable neither at law nor in equity.